Coinscreed
  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • DeFi
    • Blockchain News
  • Market Analysis
  • NFT
  • Metaverse
  • Cryptocurrencies
  • Learn
    • Bitcoin 101
    • Ethereum 101
    • Binance Smart Chain
    • DeFi 101
    • Ripple 101
    • ICO 101
    • Trading 101
    • Dogecoin 101
    • Lightening Network
    • NFT 101
  • Crypto How Tos
Advertise
No Result
View All Result
  • bitcoinBitcoin(BTC)
    $24,104.00-0.43% 24H
    BITCOIN
    24H : -0.43%
    Volume : $27,515,463,262.00
    Marketcap : $460,797,726,807.00
  • ethereumEthereum(ETH)
    $1,895.07-0.71% 24H
    ETHEREUM
    24H : -0.71%
    Volume : $15,283,802,229.00
    Marketcap : $227,529,009,266.00
  • binancecoinBNB(BNB)
    $318.100.310% 24H
    BNB
    24H : 0.310%
    Volume : $1,060,155,725.00
    Marketcap : $51,916,309,514.00
  • cardanoCardano(ADA)
    $0.5671.93% 24H
    CARDANO
    24H : 1.93%
    Volume : $703,010,475.00
    Marketcap : $19,193,219,840.00
  • rippleXRP(XRP)
    $0.3781.48% 24H
    XRP
    24H : 1.48%
    Volume : $1,037,254,456.00
    Marketcap : $18,549,637,194.00
  • terra-lunaTerra Luna Classic(LUNC)
    $0.000071-5.36% 24H
    TERRA LUNA CLASSIC
    24H : -5.36%
    Volume : $134,961,670.00
    Marketcap : $768,841,921.00
Coinscreed
No Result
View All Result
Home CBDC

Nigeria’s eNaira CBDC rollout receives approval from the Federal High Court

LollyCrypt by LollyCrypt
11 months ago
in CBDC
Reading Time: 2 mins read
A A
Share on FacebookShare on Twitter
The Federal High Court of Nigeria has approved the use of a central bank digital currency (CBDC) as legal tender. eNaira will continue to circulate alongside its fiat counterpart.
Nigeria's eNaira CBDC rollout receives approval from the Federal High Court

According to a report by Voice of Nigeria, Nigeria’s CBDC issue clearance was revealed in a federal court hearing on Oct. 2 presided by Justice Taiwo Abayomi Taiwo.

According to the official eNaira website, the digital counterpart of the Nigerian naira would be made universally available, and “anybody can hold it.”

SuggestedArticles

Bank of Russia plans to launch digital ruble in banks come 2024

Bank of Russia plans to launch digital ruble in banks come 2024

4 days ago
Reserve Bank of Australia is seeking potential use cases for CBDC

Reserve Bank of Australia is seeking potential use cases for CBDC

7 days ago

The Nigerian CBDC was launched to commemorate the country’s 61st Independence Day, as previously reported by Cointelegraph. While the eNaira will continue to circulate alongside its fiat equivalent, it is advertised as a speedier, more cost-effective, and more secure method of payment.

It’s worth noting that the decision to offer digital naira comes at a time when the country’s fiat currency, the naira, is at its lowest level since 2003.

According to a new Cointelegraph analysis, Kenya, South Africa, Nigeria, and Tanzania have witnessed the largest crypto acceptance among African countries, with a market growth of 1200% between July 2020 and June 2021.

According to statistics from Chainalysis, peer-to-peer networks, banking limitations, and inflation fears have all contributed to Africa’s burgeoning market.

As a result, the region continues to attract capital, the most recent of which being a $15 million Series A funding round for Yellow Card, a crypto exchange.

Tags: CBDCeNairaFederal High CourtNigeria
GXGBET
Coinscreed

Copyright © 2022 Coinscreed

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Crypto Price Charts

Follow Us

No Result
View All Result
  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • DeFi
    • Blockchain News
  • Market Analysis
  • NFT
  • Metaverse
  • Cryptocurrencies
  • Learn
    • Bitcoin 101
    • Ethereum 101
    • Binance Smart Chain
    • DeFi 101
    • Ripple 101
    • ICO 101
    • Trading 101
    • Dogecoin 101
    • Lightening Network
    • NFT 101
  • Crypto How Tos

Copyright © 2022 Coinscreed

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version